Tag: travel companies

As of August 31, 2025, foreign investment in Vietnam has reached impressive new heights. The latest figures from the Foreign Investment Agency under the Ministry of Finance reveal a total registered foreign investment of 26.14 billion USD. This encompasses new registrations, adjusted capital investments, and the value of capital contributions and share purchases by foreign investors. This significant figure marks a notable 27.3% increase compared to the same period last year, showcasing Vietnam's growing appeal as a global investment destination.

On September 3rd, the People's Committee of Hanoi and the consortium of investors for the Ring Road 4 highway project (component project 3) - Capital Region, signed a Build-Operate-Transfer (BOT) contract worth over VND 56 trillion. This significant milestone paves the way for the investors and contractors to commence preparations for the project's construction.

The Ministry of Finance has recently submitted to the Ministry of Justice a dossier for appraisal of the Personal Income Tax Law (amended). This latest draft features several significant changes, most notably the introduction of a mechanism to calculate taxes on income and apply a 17% tax rate for households and individuals with business revenues exceeding the prescribed threshold.